In the past decade, investing in a single variety has fluctuated greatly, and the returns of various assets have risen and fallen, making it difficult to obtain long-term stable returns by investing in a single variety. Looking back on the past decade, the correlation between gold and commodities and the CSI 300 is weak, which has the value of risk diversification, and the low volatility of the corporate bond index and the S&P 500 can also effectively reduce portfolio volatility.
Warren Buffett emphasized that the world can change drastically, so investing in index funds would be a good choice. For investors with low risk appetite and low psychological expectations, "following the index" will be a simple and effective strategy. Some public offering institutions are actively deploying various ETF products, and the "Five Golden Flowers" of Bosera Fund Asset Allocation is providing a simple and effective strategy for investors to complete asset allocation in a "one-stop" manner.
Bosera S&P 500 ETF (513500) and feeder funds are the earliest S&P 500 ETFs and index funds established in China. Global asset allocation can help investors diversify their investment risk across a wider range of areas, and among overseas assets, U.S. assets are relatively more attractive. The annualized return of the S&P 500 Index over the past 10 years has reached 9.92%, and the S&P 500 Index has certain complementarity with A-shares and Hong Kong stocks. As of the latest disclosure data, Bosera S&P 500 ETF ranks first in its category with a scale of 7.586 billion yuan, and has achieved a return of 26.09% in the past year, ranking 6/43 (1) in the same category.
The Bosera STAR 100 Index ETF (588030) and feeder funds provide an effective tool for investing in the STAR Market. Based on the innovation-driven development strategy, the number and market value of the board companies have increased significantly compared with the previous period, attracting a number of outstanding companies with large scale, leading R&D strength and outstanding profitability. The industry distribution continues to gather in China's "hard technology" with a new generation of information technology and other industries as the core, focusing on the fields of medicine and biology, electronics, power equipment, computers, machinery, etc., with outstanding hard technology colors. The share of the STAR 100 Index ETF has grown rapidly, with Wind data showing that as of December 31, 2023, its share reached 8.787 billion, ranking first in its category (2). At the same time, in order to broaden the investment channels of the STAR Market, Bosera Fund has increased its layout of the STAR 100 Index, and the Bosera SSE STAR Market 100 ETF Feeder Fund was established on December 1, 2023, providing OTC investors with an investment tool for the STAR 100 Index.
Bosera China Bond 0-3 Year CDB Bond ETF (159650) is a cross-market bond ETF product that invests in short-term CDB bonds, with relatively stable duration, and is one of the first cross-market innovative products in the market, connecting the exchange and the interbank bond market, which can achieve the investment goal of quickly allocating a basket of CDB bonds for investors, with both yield and liquidity advantages, and is an ideal tool for short-duration allocation. After experiencing weak returns in the equity market for nearly three years, investors' overall risk appetite has declined. In addition, interest rates have fallen sharply since the beginning of the year, and many bond base net value curves have performed prominently. At this point in time, the bond base with low volatility and stable performance is favored by more investors. Wind data shows that as of December 31, 2023, the scale of Bosera China Bond 0-3 year CDB ETF reached 8.706 billion yuan, ranking first in the same category (3).
In addition, after the correction of the Hang Seng Healthcare Index since June 2021, the valuation of many high-quality healthcare companies has been relatively cost-effective, and the current sector allocation opportunities are significant. As an investment track of "long slopes and thick snow", the profit growth of the Hang Seng healthcare sector is stronger, and the rebound in the subsequent reversal market will also be greater. The fund adopts a full replication strategy, and the fund fee rate is lower than the average market allocation level of QDII funds, which can be used as a convenient choice for regular investment in the Hang Seng Healthcare Index.
Bosera Gold ETF and Feeder Fund (A:002610, C:002611) track the performance of RMB gold prices by investing in gold spot contracts on the Shanghai Gold Exchange, and the latest disclosure data shows that the scale of Bosera Gold ETF has reached 7.412 billion yuan, ranking second in its category. In the past three years, the product has achieved a revenue of 21.05%, ranking in the top 1/5 (2/11) (4). Compared with physical gold, choosing to invest in gold ETFs is free of storage, which can be used as an asset allocation and has a more diversified portfolio.
Advantages for managers:
With 25 years of investment and research precipitation, Bosera Fund has always adhered to the original intention of value and strived to enhance customers' sense of gain. In the past ten years (2013.7.1-2023.6.30), the all-market fund (non-goods) has created a profit of 102.130 billion yuan for customers, ranking 3/71 in the same category, and fixed income funds (non-goods) have created a profit of 48.212 billion yuan for customers, ranking 1/63 (5) in the same category.
It is worth mentioning that, as the earliest fund company in the industry to deploy large-scale and intelligent index investment, Bosera Fund is committed to processing assets with strong tool attributes into passive products, focusing on the asset positioning of "global vision + Chinese characteristics". Bosera Global Investment, a sub-brand of Bosera Fund "Zhihuijia", covers a full line of cross-border and commodity public offering products of Bosera Fund with passive index investment as the core, providing solutions for global asset allocation.
(1) Index increase data source: wind, statistical period: 2013.12.31-2023.12.31; Bosera S&P 500 ETF size data source: Wind; Fund performance data source: Bosera Fund, reviewed by the custodian bank, the performance ranking of the S&P 500 ETF is Galaxy Securities Classification: 6.1.5 QDII Cross-border Equity ETF Fund, data as of 2023.12.31
(2) Source of "first" statement: Wind, Bosera Fund, as of 2023.12.31, among the ETF funds with the same underlying tracking the STAR 100 Index, STAR 100 Index ETF (588030) The latest shares are 8.787 billion shares, the latest shares of Penghua SSE Science and Technology Innovation Board 100 ETF are 7.894 billion shares, the latest shares of ChinaAMC SSE Science and Technology Innovation Board 100 ETF are 7.822 billion shares, the latest shares of Cathay SSE Science and Technology Innovation Board 100 ETF are 3.187 billion shares, the latest shares of Yinhua SSE Science and Technology Innovation Board 100 ETF are 3.035 billion shares, the latest shares of CSE Science and Technology Innovation Board 100 ETF are 722 million shares, the latest share of Huatai Barry SSE Science and Technology Innovation Board 100 ETF is 600 million shares, and the latest share of E Fund SSE Science and Technology Innovation Board 100 ETF is 353 million shares.
(3) Source of "first" statement: Wind, Bosera Fund, as of 2023.12.31, among the ETFs with the same underlying tracking the China Bond 0-3 Year CDB Bond Wealth (Total) Index, the latest scale of Bosera China Bond 0-3 Year CDB ETF (159650) is 8.706 billion yuan, the latest scale of Ping An China Bond 0-3 Year CDB ETF (159651) is 2.717 billion yuan, and the latest scale of Bosera China Bond 0-3 Year CDB Connect A/C ( 012692/012693) The latest scale is 11 million yuan.
(4) Scale data source: Wind, as of 2023.12.31, fund performance data source: Bosera Fund, reviewed by the custodian bank, Bosera Gold ETF performance ranking is Galaxy Securities Classification: 4.1.1 Gold ETF Fund, data as of 2023.12.31
(5) Data source: Shanghai Securities Fund Evaluation and Research Center, basic data from WIND. The Shanghai Securities Fund Evaluation and Research Center has launched a list of investment profits of fund companies according to the latitude of fund companies, hoping to more essentially portray the value created by fund managers for customers through fund products.
Note: 1. The fund classification of the list is based on the three-level classification division in the Shanghai Securities Fund Classification System, and the specific classification method can be found in the "Shanghai Securities Fund Rating Method". 2. The sample of market-wide public funds (non-monetary funds) includes all existing fund products, excluding money market funds. 3. The sample of equity public funds includes "ordinary stock fund" + "Hong Kong Stock Connect Stock Fund" + "standard index stock fund" + "enhanced index stock fund" + "partial stock mixed fund" + "flexible allocation mixed fund" + "Hong Kong Stock Connect mixed fund" + "closed-end stock fund" + "closed-end mixed fund" + "QDII active investment stock fund" + "QDIl mixed fund" + "QDIl index investment stock fund". 4. The sample of fixed income public funds (money-net funds) includes "pure bond fund + "ordinary bond fund" + "convertible bond fund" + "partial debt hybrid fund" + "standard index bond fund" + "enhanced index bond fund" + "closed-end bond fund" + "QDII active investment bond fund".